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Monday, February 13, 2017VOLUME 13 ISSUE 7
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Motiva Asset Split Expected in 2Q17

Shell Oil Company said last Monday it expects to divide the refineries and other assets of the Motiva Enterprises joint venture with co-owner Saudi Aramco in the second quarter of 2017 with a proposed target date of April 1. Originally, the two companies targeted October 2016 for the split of assets.


Mack Trucks Announces Extended ODI for Its Genuine Mack® Engine Oil EOS-4.5

Mack Trucks last Tuesday announced extended engine oil drain intervals for its newly formulated genuine Mack® Engine Oil EOS-4.5, which is used as the factory fill in Mack’s 2017 engines. Depending on the application, oil drain intervals have been extended by up to 15,000 miles compared with previous formulations.


China Economic Growth Rate Projected to Slow to 4% by 2020

The Chinese economic growth rate is projected to slow down considerably compared to its historical performance. Real GDP growth has slowed to 6.9% in 2015 and projected to possibly be as low as 4% by 2020, from a high of over 10% in 2010.


BP Reports Improved 4Q2016 Earnings

BP last Tuesday reported that its underlying replacement cost profit for the fourth quarter of 2016 was $400 million, up from $196 million for the same period in 2015. Reported full year underlying replacement cost profit was $2,585 million, compared with a profit of $5,905 million for 2015.


ATIEL Publishes New Edition of Code of Practice

ATIEL, the technical association of the European lubricants industry, has released Issue 20 of its Code of Practice, which provides guidance for developers and marketers of engine lubricants designed to meet current European performance specifications.

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